Edmonton Retail Market Report

Economic makeup could soften tariff impacts. Edmonton’s top employers include Stantec, the Provincial Government and the University of Alberta. Stakeholders have also invested into tech, clean energy, logistics, and food and agriculture, helping to fuel economic diversification. These factors highlight the synergies between the private sector, government and post-secondary institutions, which has helped create a business-friendly environment, while also making the metro a global leader in engineering and research, as well as in artificial intelligence. Additionally, these sectors offer both stable and lucrative jobs; combined with Edmonton’s lower cost of living, this has created some of the highest disposable income levels in Canada. While unemployment could rise due to a prolonged trade war with the United States – putting Edmonton’s retail property sector at risk – the metro’s economy and labour market are forecast to outperform the nation at large. These benefits create an optimistic long-term outlook.